Economy

The central bank’s tactics to combat inflation have been intensely questioned as the Senate economics legislation committee digs in.

Some Australians borrow more to “keep up with the Joneses” but not for houses, latest data has revealed.

Investors have been warned not to “overexpose” their equity portfolios to the big four banks amid a dampening appetite for credit and falling property prices. 

The government’s housing and investment body has released draft amendments to allow more private investment towards social housing.

Home buying intentions have further declined in October according to the latest data from the Commonwealth Bank of Australia.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The Reserve Bank of Australia’s November rate hike will put further pressure on mortgagors, according to Hume Bank chief executive Stephen Capello. 

“Unprecedented events” such as the Ukrainian war contributed to an “underestimation” of inflation, the central bank has determined.

Persistent high inflation would mean dealing with it for longer and even higher interest rates, the RBA has warned.